SIA plans to buy stake in South Korea's Jeju Air

It was reported that SIA is in discussions to buy an equity stake in South Korea's low-cost carrier Jeju Air. The announcements were made on 18 March though it was also stated that this might not necessarily lead to any transactions.

Jeju Air has a market capitalization of less than 1 billion Singapore dollars. As of writing, SIA was trading at $11.95.

The SIA Group currently comprises of SIA, Silkair, Scoot and Tiger Air.